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Amazon strikes deal with Walton to export its products to US

  • Published at 07:18 pm August 22nd, 2019
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Walton signs a deal with Amazon on Thursday, August 22, 2019 Courtesy

The agreement was signed at Walton's corporate office in Dhaka

Bangladeshi electronics manufacturer Walton has signed a deal with global e-commerce giant Amazon to export the former's products to the United States.

Under this agreement, various products of Walton brand will be sold globally using the Amazon platform. This deal will allow Amazon to take all kinds of Walton products, but initially, Walton brand laptops, computers, mobile phones and home appliances products will be sold in the American market.

The agreement was signed at Walton's corporate office in Dhaka on Thursday, where State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak was present as chief guest.

Shashank Pandey, country manager of Amazon BD and Engineer Liakat Ali, executive director of Walton Group and CEO of Computer Products Division signed the agreement on behalf of their respective organizations.

Vice-Chairman of Walton Hi-Tech Industries Limited SM Shamsul Alam, Managing Director SM Ashraful Alam, Walton Corporation Chairman SM Mahbubul Alam, Walton DG-Tech Industries Limited Chairman SM Rezaul Alam, along with the top officials of Amazon and Walton were also present on the occasion.

Speaking on the occasion, Zunaid Ahmed Palak said, ‘Products made in Bangladesh are going to the American market. This is not only a historic day for Walton, but also a historic day for Bangladesh as well. It’s historic day for digital Bangladesh. Walton products are being exported to the country that leading the world's digital economy. This is a big achievement for us.’

Shashank Pandey said, ‘Today is an important day for Amazon, Walton and Bangladesh. There is a global demand for products made in Bangladesh. Through this deal, Walton products will be available on Amazon's global platform.’

Edward Kim said that Walton's target is to build a strong position in the global market through the export of $1 billion worth of products. Therefore, in addition to its own brand, emphasis has been given on increasing the volume of business in the international market through OEM (Original Equipment Manufacturer). This deal with Amazon is opening up our products to the American market that will pave the way for Walton to become one of the world's top brands by 2030.